Rally towards next resistances
Nifty-Intra Day Chart Analysis &
Market Outlook(02-02-2022)
Nifty-Intra Day Chart (01-Feb-2022):-
Technical Patterns formation in today intraday charts
1- Sideways trading between 17498-17622
2- Mid-session high volatility after Budget
3- Whole day actual trading between 17245-17622
Conclusions from intra day chart analysis
As market friendly and economically sound Budget presentation by our FM Nirmala Sitaraman in Parliament therefore Nifty closed near the higher levels of the day with 01.37% gains. Although Mid-session high volatility after Budget but rally continuation is expected towards following next resistances in the coming sessions:-
1- 17795-17832
2- 17959-18129
3- 18292-18321